Hong Kong Aircraft Engineering Company (HAECO)reported that GE Aviation has acquired a 9.9% equity stake in Taikoo Engine Services (Xiamen) (“TEXL”). The transaction marks a milestone in the HAECO Group / GE Aviation partnership. Established in July 2008, TEXL is a joint venture between HAECO, Taikoo (Xiamen) Aircraft Engineering Company (“TAECO”), Cathay Pacific Airways and
International Consolidated Airlines Group (IAG) presented Group consolidated results, with third quarter operating profit of €900m (2013: €690m) before exceptional items, a €210m improvement compared to last year. At constant currency, third quarter passenger unit revenue was down 0.9% and non-fuel unit costs was down 4.5%. Revenue for the quarter was up 8.5% to €5,866m,
Aircastle’s third quarter of 2014 lease rental and finance lease revenues were $180.3m, up $15.1m, or 9% year over year, due primarily to the $43.3m impact of aircraft acquisitions, offset by $21.1m of lower revenues due to aircraft dispositions. Total revenues for the third quarter were $177.6m, an increase of $7.5m, or 4% above the
WestJet released its third quarter 2014 results, with net earnings of CAD52.2m, compared to CAD65.1m in the third quarter of 2013, down 19.8%. Based on the trailing twelve months, the airline achieved a return on invested capital of 13.8%, compared with the 13.7% reported in the previous quarter. These adjusted results exclude a pre-tax non-cash
Ryanair released that half year 2014 net profit rose by 32% to €795m. Traffic grew 4% to 51.3m customers, ave. fares increased 5%, and total revenues rose by 9% to €3,537m. Unit costs fell by 2% (excluding fuel they rose by 3%). First half 2014 load factors jumped by 4% points to 89%, due to
Virgin America reported its financial results for the third quarter of 2014 with an operating income of $52.3m and net income of $41.6m. The airline posted an operating margin of 12.9% – a 1.4 point improvement over the third quarter of 2013, driven largely by a 5.5% growth in revenue per available seat mile (RASM)
Rockwell Collins reported total sales for the fourth quarter of fiscal year 2014 of $1.4bn, a 15% increase from the same period in fiscal year 2013. Total segment operating margin for the fourth quarter was 21.3% and total segment operating earnings increased 10% to $299m. Adjusted for certain non-operating items impacting comparability, earnings per share
Triumph Group reported net sales for second quarter fiscal year 2015 increased 3% to a record $994.1m, operating income for second quarter fiscal year 2015 was $114.7m and included $7.8m of costs related to the Jefferson Street/Red Oak facility transition. Excluding these costs, operating income was $122.5m, reflecting an operating margin of 12%. Net income
Finnair third-quarter operational result declined to €26.7m – product upgrades announced and savings agreements negotiated during the period will have an effect on the result from 2015 onwards. Turnover declined by 2.2% year-on-year to €622.7m (636.9). The operational result was €26.7m (43.0). Net cash flow from operating activities stood at €-8.9m (38.7), and cash flow from investments
Lufthansa Group posts nine-month operating profit of €849m and confirms projected full-year operating profit of €1bn. The Lufthansa Group remains confident of achieving its profit targets for 2014 – despite experiencing a difficult third quarter, and despite strike action eroding €170m from its earnings results. The Group expects to post an operating profit of around
